Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

Crane Company has acquired Vian Enterprises for $103 million

Posted on January 4, 2024January 4, 2024

NYSE listed Crane Company has acquired Vian Enterprises for approximately $103 million on a cash-free and debt-free basis.

Vian Enterprises is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms.

Crane financed the acquisition primarily with proceeds from its revolving credit facility.

Crane’s President and CEO, Max Mitchell, said that Vian is highly complementary to their Fluid Solution within the Aerospace & Electronics segment, significantly expanding their portfolio of mission-critical aerospace flow control products.
Vian has strong positions on the most attractive commercial and military aircraft platforms today, and combined with Crane’s existing fluid and thermal management capabilities, further strengthens their positioning for future content opportunities on engines, gearboxes, and auxiliary power units.

Vian’s margins are expected to be accretive to the Aerospace & Electronics’ segment EBITDA margins immediately, with a long-term sales growth rate in line with the segment’s previously disclosed 7% to 9% long-term CAGR.

Vian, along with the other acquisitions that they continue to pursue, meets their clearly defined strict financial and strategic acquisition criteria.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.comThe Exchange Rates are powered by Investing.com.

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR
©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes
Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance